Potential offtaker

Banco Santander Chile

www.santander.cl

Estimated electricity consumption

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Countries of production presence

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Banco Santander Chile is a leading financial institution in Chile that operates in the retail banking sector. The bank is a subsidiary of the Santander Group, one of the largest banking groups in the world. Banco Santander Chile has a strong presence in the Chilean market and offers a wide range of financial products and services to its customers.

One of the key areas of focus for Banco Santander Chile is decarbonisation. The bank recognises the importance of reducing carbon emissions and is committed to playing its part in the fight against climate change. To this end, the bank has implemented a number of initiatives to reduce its carbon footprint.

One of these initiatives is the implementation of a corporate energy strategy. Banco Santander Chile has set ambitious targets to reduce its energy consumption and increase its use of renewable energy sources. The bank has invested in energy-efficient technologies and has implemented measures to reduce energy waste in its operations. As a result, the bank has been able to significantly reduce its carbon emissions and improve its energy efficiency.

In addition to its corporate energy strategy, Banco Santander Chile has also implemented a corporate power purchase agreement (PPA) programme. Under this programme, the bank has signed agreements with renewable energy providers to purchase electricity from renewable sources. This has allowed the bank to increase its use of renewable energy and reduce its reliance on fossil fuels.

Banco Santander Chile has also been actively involved in promoting renewable energy in Chile. The bank has provided financing for renewable energy projects and has worked with other stakeholders to promote the development of renewable energy infrastructure in the country. This has helped to increase the availability of renewable energy in Chile and reduce the country's dependence on fossil fuels.

Overall, Banco Santander Chile is a leading financial institution that is committed to decarbonisation and the promotion of renewable energy. The bank has implemented a number of initiatives to reduce its carbon footprint and increase its use of renewable energy sources. Through its corporate energy strategy and corporate PPA programme, the bank has been able to significantly reduce its carbon emissions and improve its energy efficiency. In addition, Banco Santander Chile has been actively involved in promoting renewable energy in Chile, which has helped to increase the availability of renewable energy in the country and reduce its dependence on fossil fuels.

✓ Declared Net Zero commitment